Barclays Raises Tesla (NASDAQ:TSLA) Price Target to $150.00

Tesla (NASDAQ:TSLA) had its target price boosted by Barclays to $150.00 in a research note issued to investors on Friday morning, The Fly reports. Barclays currently has an underweight rating on the electric vehicle producer’s stock.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity set a $394.00 price objective on shares of Tesla and gave the stock a buy rating in a research report on Wednesday, July 3rd. Nomura set a $300.00 price objective on shares of Tesla and gave the stock a hold rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. raised their price objective on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the stock an overweight rating in a research report on Wednesday, July 3rd. Roth Capital started coverage on shares of Crispr Therapeutics in a research report on Monday, June 10th. They set a buy rating and a $50.00 price objective on the stock. Finally, BidaskClub downgraded shares of Ames National from a hold rating to a sell rating in a research report on Wednesday, July 17th. Seventeen research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Tesla has a consensus rating of Hold and a consensus target price of $281.97.

NASDAQ TSLA opened at $258.18 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.83 and a quick ratio of 0.42. The firm has a fifty day moving average of $222.41. The stock has a market cap of $44.85 billion, a P/E ratio of -45.14 and a beta of 0.62. Tesla has a 12 month low of $176.99 and a 12 month high of $387.46.



Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.51) by ($1.59). Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The company had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period last year, the business earned ($3.35) earnings per share. The company’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, equities analysts expect that Tesla will post -4.57 earnings per share for the current year.

In related news, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $255.68, for a total value of $38,352.00. Following the completion of the sale, the chief financial officer now owns 9,962 shares in the company, valued at $2,547,084.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $239.08, for a total transaction of $3,586,200.00. Following the completion of the sale, the insider now owns 321,398 shares of the company’s stock, valued at approximately $76,839,833.84. The disclosure for this sale can be found here. Insiders sold 117,456 shares of company stock valued at $24,716,630 in the last quarter. Company insiders own 24.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alpha Cubed Investments LLC raised its position in Tesla by 7.3% during the second quarter. Alpha Cubed Investments LLC now owns 1,052 shares of the electric vehicle producer’s stock worth $235,000 after acquiring an additional 72 shares during the last quarter. Regal Wealth Group Inc. raised its position in Tesla by 126.6% during the second quarter. Regal Wealth Group Inc. now owns 358 shares of the electric vehicle producer’s stock worth $80,000 after acquiring an additional 200 shares during the last quarter. Gateway Investment Advisers LLC raised its position in Tesla by 61.1% during the second quarter. Gateway Investment Advisers LLC now owns 25,194 shares of the electric vehicle producer’s stock worth $5,630,000 after acquiring an additional 9,553 shares during the last quarter. Larson Financial Group LLC raised its position in Tesla by 29.4% during the second quarter. Larson Financial Group LLC now owns 282 shares of the electric vehicle producer’s stock worth $63,000 after acquiring an additional 64 shares during the last quarter. Finally, NEXT Financial Group Inc raised its position in Tesla by 433.5% during the second quarter. NEXT Financial Group Inc now owns 1,163 shares of the electric vehicle producer’s stock worth $260,000 after acquiring an additional 945 shares during the last quarter. Institutional investors own 55.77% of the company’s stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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